Impact, ESG & Sustainable Investing

Euromoney Learning
Course summary
Professional Training
3 days
3,245 GBP excl. VAT
Course Dates
3,245 GBP

Course description

Impact, ESG & Sustainable Investing

Today, Socially Responsible and Impact Investing is one of the fastest growing segments of the fund management industry and the growth is expected to accelerate. Institutional investors have realised that they have a duty to consider sustainability issues when they make investments. Corporate boards are also realising the need to define value beyond the narrow interests of shareholders and are embracing a broader fiduciary approach and including a wider range of stakeholders, from consumers and employees to communities, broader society and the environment.

Suitability - Who should attend?

Who Should Attend:

  • Asset Allocators/Portfolio Strategists
  • Portfolio Managers
  • Investment Advisors
  • Product Developers
  • Marketing and Distribution Professionals
  • Private Bankers/Wealth Managers
  • Equity and Fixed Income Analysts
  • Board Directors
  • Governance and Stewardship Specialists
  • Family Office Managers

Training Course Content

Day 1

A Framework for ESG and Responsible Investing

History and Background to ESG and Responsible Investing

  • An historical overview of socially responsible investing
  • Social purpose, sustainability and purposeful capitalism
  • Differentiating between socially focused investing, governance focused investing and environment focused investing
  • The size and growth of the ESG and SRI marketplace
  • Global ESG assets by type of exposure
  • Stimulants and catalysts behind the growth of ESG and SRI investing
  • Why the ESG market is poised for further growth

Theoretical Backdrop: The Shareholder Model Vs Stakeholder Model

  • Summary of shareholder value maximisation theory
  • The Milton Friedman doctrine
  • Agency theory and the separation of ownership and control
  • Shareholder value theory and ESG integration are compatible
  • Stakeholder value theory and why it is on the ascendancy
  • Narrow versus broad definitions of stakeholders
  • Defining corporate responsibilities to all stakeholders
  • Frameworks for shareholder stewardship
  • ESG factor analysis
  • ESG risk premia
  • Alpha, beta and smart beta in the context of ESG and SRI investing

Standards and Regulatory Background

  • The Paris Agreement 2015, UNFCCC
  • The Sustainable Development Goals
  • The Coalition for Environmentally Responsible Economies (CERES)
  • The Sustainability Accounting Standards Board (SASB)
  • The UN Principles for Responsible Investment (PRI)
  • The Green Bond, Social Bond and Sustainable Bond Principles
  • Unilever’s sustainable living plan

The Future for ESG and Responsible Investing

  • Rapid growth set to continue, if not accelerate
  • ESG metrics – the soft underbelly of the ESG market
  • Formulating ESG disclosure frameworks
  • Corporate governance and stewardship codes
  • Engaged owners and engaged ownership
  • An institutional charter

Day 2

ESG Methodologies and Investment Processes

Exclusion-Based ESG Investing

  • Overview of exclusion-based ESG investing
  • Examples of large scale exclusion-based ESG investing
  • Complexities in determining an exclusionary policy
  • The problems and pitfalls of negative screening
  • The bandwagon effect
  • What impact do exclusions have on returns
  • Negative screens and tracking error considerations
  • The impact of negative screens on the risk and performance of various style indices
  • Approaches to implementing exclusions
  • Application of screens to passive and active management
  • Understanding the complexities and biases that screens introduce

Integration-Based ESG Investing

  • What is integration-based ESG investing
  • What added-value do integration-based approaches offer
  • Incorporating alpha insights into an integration-based approach
  • Common ESG factors that are targeted
  • Fundamental ESG integration – evaluating ESG factors
  • Systematic ESG integration – quantitative criteria Vs qualitative insights
  • ESG as part of a multi-factor analysis
  • ESG ratings improvement momentum

Impact-Based ESG Investing

  • Defining impact-based ESG investing
  • Understanding the cause and effect relationship in impact investing
  • Impact investing as engaged ownership
  • Concessionary Vs non-concessionary impact investors
  • Making the impact objective explicit, intentional and measured
  • Mission-related investments Vs programme-related investments
  • Investors’ impact matrix and impact reporting and investment standards
  • Is there a single way to approach impact measurement

Engagement-Based ESG Investing

  • Why do investors choose engagement-based ESG investing
  • The different tones to engagement – collaboration, hostile
  • The strategy for engagement – private, public
  • Engagement through proxy voting

Day 3

ESG Products, Instruments and Strategies

Green and Climate Bonds

  • What are green bonds and how do they work ?
  • The green bond principles and climate bond initiatives
  • What comes under the classification of a green bond
  • Overview of the global green bond market
  • Issuer and issuance statistics for green bonds
  • Performance characteristics of green bonds
  • How are the bond proceeds used – external verifiers
  • The sovereign green bond market
  • The corporate green bond market
  • Green CLOs
  • Future growth prospects for the green bond market
  • Recent themes in green bond investing

Social Bonds

  • What are social bonds and how do they work ?
  • The social bond principles initiative
  • Private Vs public sector issuers of social bonds
  • The financial structure of social bonds
  • Social bond finance projects that address social issues

Sustainability Bonds

  • What are sustainable bonds and how do they work ?
  • The sustainability bond guidelines
  • The U.N.’s sustainable development goals
  • Issuer and issuance statistics for sustainable bonds
  • Financial structure of sustainable bonds
  • Financing a mix of green and social projects

ESG Mutual Funds and ETFs

  • Overview of active and passive ESG investing
  • Alpha and ESG investing via mutual funds
  • Smart beta and ESG investing via ETFs
  • Some popular ESG mutual funds and ETFs

Why choose Euromoney Learning

4.75/5 rating on course check for service

25,000 professionals trained across public courses

99 countries where training is delivered


The Course fee: 3245 + VAT

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About provider

Euromoney Learning

At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...

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8 Bouverie Street,
EC4Y 8AX, London

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